Purchase Order Finance
Purchase order finance is a working capital used in the execution of a specific procurement or purchase and delivery of an order. The product finances businesses that supply products and services to top-tier customers.
What does it offer me?
- The product is a general short-term banking facility (advance)
- Funding of up to 80% of purchase order amount (Minimum P100,000) or 100% cost of goods
- The facility will help to increase your business’ cash flow as you do not have to wait for up to 90 days to access funds due to you by your customers
With improved cash flow, you will be able to take on more orders, which will contribute to your turn-over
What do I need to qualify?
High-end small and medium enterprises, commercial enterprises and commercial enterprises that are suppliers to acceptable business entities. The product covers businesses in the following categories:
- Wholesale and retail
- Business services
- Government and non-government organizations
How do I apply?
Visit your nearest Stanbic Bank Branch or call our Customer Contact Centre on +267 361 8555.